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Few Nevada homeowners are taking advantage of the state foreclosure mediation program

Figures show that a little more than 10 percent of Nevada homeowners facing default on their mortgages have taken advantage of the state’s foreclosure mediation program.

The Nevada Supreme Court released figures showing that in the first six months the program, almost 3,900 homeowners who received default notices from lenders sought mediation.

Court spokesman Bill Gang said in a statement Saturday that of those, 1,821 have been assigned mediators and 877 cases have been heard since mediations began Sept. 14.

Nevada led the nation with 38,277 foreclosure filings from July to December.

The state Supreme Court last month raised to 170 the number of attorneys, hearing officers and senior judges available to help homeowners and lenders reach middle ground to avoid evictions.

Before completing and sending in a loan modification package, you may want to obtain some coaching to combat the stall tactics banks/servicers are using to cut to the front of the line of other applications and get approved faster

Click here to get proven help with your home loan modification

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Related posts:

  1. Courts becoming last refuge for homeowners who want a loan modification using mediation
  2. Minnesota attempts to pass a foreclosure mediation bill again
  3. Loan modification company seems to have influenced the Nevada state congress to protect industry and not the consumer
  4. Nevada AG charges Bank of America with luring families into loan mod program under false pretenses
  5. Bank of America rejected loan modification despite mediation help

Tags: , nevada foreclosure mediation, nevada foreclosures, nevada mediation program

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One Response to Few Nevada homeowners are taking advantage of the state foreclosure mediation program

  1. Kiley Georgi on 20/10/2010 at 16:23

    Thank you for this website, i’ve been dealing with Wells Fargo for over a year and
    a half and they have screwed my credit and just finished my modification. Which is worse
    than my pre modified loan! Yeah me. Thanks again for your information!

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